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to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! >>> today the administration is fending off a new wave of republican and conservative legal challenges. two states are claiming the irs does not have the power to give tax credits or subsidies to people who buy insurance through the federal health exchange. that is a long shot, although it is one in a series of suits across the country that target the affordable care act. i want to bring in oklahoma congressman james lankford and number five republican in the house. good to see you, congressman, good morning. >> good to see you as well. >> we
, but also talking about new fees to raise revenue instead of tax hikes. from what you're hearing this general framework, could you support it? >> well, it depends. the trillion dollars you're talking about is higher than what the existing law is and i would point out that speaking of existing law, we have one that specifies the level of discretionary spending. specifies that at $967 billion. so from my point of view if we're going to spend more than that, then we ought to find offsetting savings some where else, which i'm very much open to. i know our friends on the other side of the aisle want there to be revenue. we're not going to support tax increases. are there some categories of revenue that are of a different nature? >> such as? >> for instance, federal employees have very generous retirement plans. if we asked them to contribute a little bit more to their retirement plan, that gets scored as revenue but i think it's legitimate to see that as savings so it really depends on the composition of the package. >> do you think there will be a deal by the end of the year? >> i th
with entitlements, the debt or tax reform and probably won't completely fix the sequester, but aides for senator patty murray and congressman paul ryan, the budget chairs working on the deal are at least determined to keep the government open and they think they can get the plan together for a vote later this week. one of the final sticking points in the deal could be unemployment. friday the unemployment rate dropped to 7%. that's the lowest since november of 2008. federal benefits expire at the end of the year and it's not clear if an extension would be included in any budget deal. >> i don't think we've reached that point where we've said this is it, take it or leave it. what i hear from patty murray, i spoke to her the other night, negotiations are making progress, moving in the right direction. >> i want to bring in our company, carrie budoff brown, ron fornier. good morning. >> good morning. >> carrie, is getting a deal done, if it does happen this week, a major milestone or is this the smallest possible thing they could do just to keep the government up and running? >> well, it's more sig
was on the ways and means committee, we drafted a bill to cut off all tax benefits to united states firms doing business in south africa. which meant that in addition to paying taxes to them, they had to pay taxes to the united states. and that meant that most all of them immediately left there. so i had no idea that president mandela or at that time when he was released from jail before i went back for the campaign. and someone was telling him about the rangel amendment, and he said no, not the rangel amendment. i said i'm going to be embarrassed. he said no, in south africa it's known as the bloody rangel amendment to the whites. his sense of humor on serious issues is equality that quite frankly and i've given it a lot of thought before i've said that that i've never seen or heard that anyone would ever have. >> congressman charlie rangel, always good to have you on the program. but thank you so much for coming in on this day in particular. it's good to see you. >> thank you, chris. >> we will return to our coverage of nelson mandela's life after the break. south africans have been singing a
, business tax breaks. ear thing that you've been at the forefront of, the issue of the expiration of a law that bans undetectable plastic guns. what can get done, congressman? >> well, actually there's a lot we could get done if house republicans would show a willingness. look, the senate on a bipartisan basis passed comprehensive immigration reform. house republicans said no. the senate passed the employment nondiscrimination act. house republicans said no. the senate on a bipartisan basis passed a fair farm bill. house republicans said no. you know, if we're going to say no to no in the next election, the american people want progress on these issues. when you have the united states senate on a bipartisan basis enacting these laws and you have a house republican leadership that is so obsessed with ambushing the affordable care act that they won't even bring these things up for a vote, that is a massive problem. >> so do you think, congressman, nothing is going to get done in the next two weeks? do you think that the possibility exists that something will happen? >> look, there is no reas
Search Results 0 to 4 of about 5